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The move further weakens Colombia’s precarious financial position brought on by the COVID-19 pandemic, causing an almost 7% contraction in the country’s economy. Fitch may likely downgrade Colombia as well, as the country already sits at the firm’s lowest investment grade before...

Colombian President Ivan Duque's withdrawal of his controversial tax hikes were not enough to stop nationwide protests in Colombia. The reason the protests continue vary, with much legitimate discontent and dissatisfaction, but provocateurs and common criminality must also be...

Colombian President Ivan Duque announced that he was asking Congress to withdraw from consideration his fiscal reform package, brainchild of his Finance Minister Alberto Carrasquilla. The controversial package was put forward to broaden the Colombian government’s revenue base,...

Colombia has announced additional measures to reduce the risk of contagion by COVID-19. Movement restrictions in municipal areas will be triggered if hospital occupancy rates of hospital Intensive Care Unit (ICU) reach certain levels. These measures will be in effect from Monday,...

Like several other companies in Colombia, Khiron (TSX.V: KHRNF) cultivates and processes cannabis at its agricultural facilities in Ibagué, Tolima. But Khiron takes the unique approach of launching and operating a chain of integrative medical clinics under its Zerenia brand,...

Colombian technology unicorn Rappi and low-cost carrier Viva Air have announced a deal that will allow Rappi users to purchase flights directly from the Rappi app to Viva’s domestic and international destinations.

The successful event boasts over 98% of exhibitor space sold, and registered 65,000 visitors at the last extravaganza, creating 6,000 jobs for metropolitan Medellín. The four-day event reserves two days for industry professionals, then opening to the public for the final two days.

Tecnoglass introduced a full-year 2021 growth outlook for Adjusted EBITDA of $100 million to $110 million USD on total revenues of $400 million to $415 million. Gross Margin reached a full year record of 37.1% -

Even with the COVID-19 pandemic, Viva Air transported over 100,000 passengers to and from San Andrés during the first two months of 2021, with a load factor (occupancy rate) of 94%.

Avianca indicated that the restrictions were necessitated by “the constant restrictions in different countries in terms of limitation of the entry of tourists, operational reductions, as well as mobility within cities, and the high uncertainty that passengers still have."